• Stakeholders worried over Dangote, NNPC fight for market share
• Nigeria imports nearly 80% of PMS despite revival of local refineries
• Warri Refinery resumes operation, Kaduna on verge of starting, says NNPC
• Nigeria’s petrol consumption hits 40m litres/day
Nigeria may continue to import about 30 million litres of premium motor spirit (PMS) daily despite the steady revival of local refining with Warri Refining and Petrochemicals Company (WRPC) coming back to life yesterday to ramp up local capacity.
The Nigerian National Petroleum Company Limited (NNPCL), yesterday, disclosed that the 125,000 barrels per day facility is now operating at 60 per cent capacity even as President Bola Tinubu described the development as part of his determination to ramp up local refining capacity and make Nigeria a hub for Africa’s downstream sector.
Going by projections,…
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